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$550 Million for ProLogis debt offering

Denver’s ProLogis (NYSE:PLD) , theworld’s largest owner, manager and developer of distributionfacilities, announced today that it has priced a total of $550million of senior unsecured notes. The notes will be due November15, 2016, will have an annual coupon rate of 5.625% and were pricedat 99.592.

“The offering was significantlyoversubscribed, a reflection of the strength of our global realestate platform and the confidence investors have in the ProLogisoperating model,” said Dessa M. Bokides, chief financial officer.Proceeds will be used to repay a portion of the borrowings on ourglobal line of credit and for general corporate purposes. Bank ofAmerica Securities LLC, Citigroup Global Markets Inc. and RBSGreenwich Capital served as joint book-running managers for thistransaction.